1. |
## The intercept term,β1, is absent in.................. model. |

A. | regression through the origin |

B. | lin log model |

C. | log lin model |

D. | ols model |

Answer» A. regression through the origin |

2. |
## The lin log model and log lin model are ............. in parameters. |

A. | non linear |

B. | linear |

C. | functional |

D. | dependent |

Answer» A. non linear |

3. |
## r2 in intercept less model is.... .............. negative. |

A. | always |

B. | sometimes |

C. | never |

D. | cannot say |

Answer» B. sometimes |

4. |
## The slope coefficient ,β2, of ............ model measures elasticity of Y with respect to X. |

A. | regression through the origin |

B. | log log model |

C. | log lin model |

D. | clrm |

Answer» B. log log model |

5. |
## ....................... is a growth model. |

A. | alinear trend model |

B. | lin log model |

C. | log lin model |

D. | none of the above |

Answer» A. alinear trend model |

6. |
## In regression through the origin model, ......................... is absent. |

A. | the intercept term ,β1 |

B. | the slope coefficient ,β2 |

C. | error term |

D. | explanatory variables |

Answer» A. the intercept term ,β1 |

7. |
## Econometrics is concerned with |

A. | empirical support to economic theory |

B. | quantitative analysis of economic data |

C. | use of tools of mathematics and statistical inference |

D. | all of the above |

Answer» D. all of the above |

8. |
## Which of the following is the combination of economic theory, mathematical economics and economic statistics |

A. | econometrics |

B. | statistics |

C. | mathematics |

D. | quantitative economics |

Answer» A. econometrics |

9. |
## The first step in traditional econometric methodology is |

A. | statement of theory |

B. | forecasting |

C. | obtaining data |

D. | estimation of the model |

Answer» A. statement of theory |

10. |
## Which of the following discipline express the economic theory in mathematical form |

A. | econometrics |

B. | statistics |

C. | mathematics |

D. | mathematical economics |

Answer» D. mathematical economics |

11. |
## Keynes postulated ----- relationship between income and consumption |

A. | negative |

B. | positive |

C. | non linear |

D. | infinite |

Answer» B. positive |

12. |
## In the function, Q= α+βP, the slope coefficient is |

A. | α |

B. | β |

C. | p |

D. | q |

Answer» B. β |

13. |
## In the Keynesian linear consumption function Y=β1+β2X, Y represents |

A. | income |

B. | consumption expenditure |

C. | output |

D. | price |

Answer» B. consumption expenditure |

14. |
## In the Keynesian linear consumption function Y=β1+β2X, β1 is |

A. | slope coefficient |

B. | intercept coefficient |

C. | output coefficient |

D. | none of the above |

Answer» B. intercept coefficient |

15. |
## In the Keynesian linear consumption function Y=β1+β2X, the parameters of the model are |

A. | β1and β2 |

B. | . β1and x |

C. | x and y d. y an |

D. | β2 |

Answer» A. β1and β2 |

16. |
## In the Keynesian linear consumption function Y=β1+β2X, the marginal propensity to consume is |

A. | β1 |

B. | x |

C. | y |

D. | β2 |

Answer» D. β2 |

17. |
## if the model has only one equation, the model is called |

A. | single equation model |

B. | multiple equation model |

C. | variable equation model |

D. | none of the above |

Answer» A. single equation model |

18. |
## if the model has more than one equation, the model is called |

A. | single equation model |

B. | multiple equation model |

C. | variable equation model |

D. | none of the above |

Answer» B. multiple equation model |

19. |
## In the Keynesian linear consumption function Y=β1+β2X, the dependent variable is |

A. | β1 |

B. | x |

C. | y |

D. | β2 |

Answer» C. y |

20. |
## In the Keynesian linear consumption function Y=β1+β2X, the explanatory variable is |

A. | β1 |

B. | x |

C. | y |

D. | β2 |

Answer» B. x |

21. |
## the variable appearing on the left side of the equality sign is called |

A. | dependent variable |

B. | independent variable |

C. | explanatory variable |

D. | none of the above |

Answer» A. dependent variable |

22. |
## In conventional model r2 is .............. negative. |

A. | always |

B. | sometimes |

C. | never |

D. | cannot say |

Answer» C. never |

23. |
## the variable appearing on the right side of the equality sign is called |

A. | independent variable |

B. | explanatory variable |

C. | all of the above |

D. | none of the above |

Answer» C. all of the above |

24. |
## independent variables are also known as |

A. | explanatory variables |

B. | dependent variable |

C. | implicit variable |

D. | static variable |

Answer» A. explanatory variables |

25. |
## which is the explanatory variable in the Keynesian consumption function |

A. | income |

B. | consumption |

C. | price |

D. | output |

Answer» A. income |

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